United Technologies Turns it On

Updated July 22, 2004 11:59 p.m. ET

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United Technologies Inc. (UTX: NYSE) By Susquehanna Financial Group ($90.57, July 21, 2004)

UNITED TECHNOLOGIES REPORTED a blow-out second quarter, beating our earnings estimate by $0.16 per share. Revenue and operating margin exceeded our expectations in every segment. As importantly, the company finally succumbed and raised its full-year earnings guidance range by $0.20 per share, admitting to the Street that its results are running far enough above plan that it will not restructure away all of the outperformance. This...

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